The way I believe it goes, if I remember correctly, there are two four-team pods. So our pod, I believe is Tennessee, FSU, CA, and UNC.
So:
Game 1 - Tennessee vs FSU
Game 2 -VA vs NC
Game 3 - Game 1 winner vs Game 2 winner
Game 4 - Game 1 loser vs Game 2 loser (loser of this game eliminated)
Game 5 - Game 3 loser vs. Game 4 winner (loser of this game eliminated)
Game 6 - Game 3 Winner vs. Game 5 Winner (If Game 5 Winner loses, they're eliminated. If they win, they force a Game 7 in which the winner advances to face the winner of the second pod.
Right now, the second pod should be TAMU, KY, FL, and then the winner of tonight's UGA/NC State game.
Anyway, that's my understanding, but there's a chance I'm completely wrong.